ADQ buys 30% share of National Petroleum Construction Company
ADQ, Abu Dhabi-based state owned company, has reportedly ownership of NPCC (National Petroleum Construction Company), one of the largest energy sector companies in UAE, after acquiring 30% shares earl....
Tyson Foods closes Kentucky-based plant following COVID-19 outbreak
As confirmed coronavirus cases rise in America, major industry players have shut their plants to curb the spread of COVID-19. Reportedly, Tyson Foods Inc., one of the largest meat processors and marke....
Department of Energy announces a $9Mn solar desalination competition
The world is steadily moving towards renewable energy as its primary source of power. Recently, the U.S. Department of Energy (DOE) took a striding step towards this direction when it announced the la....
KKR to procure solar energy assets of over 317MWp from SP Infra
KKR & Co. Inc., a renowned American global investment company known for managing various asset classes, has reportedly announced that it has inked a new definitive agreement with Shapoorji Pallonj....
Impossible Foods, Beyond Meat anticipate striding growth prospects in Asia
The meatless meat industry of Asia has been observing exponential growth despite an economic slowdown caused due to Covid-19 that has reportedly impacted restaurant businesses. Experts suggest that th....
DOE announces $25 Mn for grid management and risk assessment systems
The United States Department of Energy (U.S DOE), a cabinet-level agency of the American government concerned with the nation’s policies regarding energy landscape, has reportedly announced USD 25 m....
Australia reveals plans to pump $94Mn to extend crude oil stockpile
Amidst the downfall of global crude oil prices, the Australian government has decided to spend around $94 million on developing its stockpile of crude oil. Reportedly, the government is planning to in....
Chipotle slapped with $25 million fine subject to Norovirus outbreak
Chipotle restaurants witnessed minimum five food-safety incidents around the U.S. from 2015 to 2018. Chipotle has undertaken food safety and offers an opportunity to make a fresh start and emph....
Burger chain Shake Shack returns $10 million PPP loan to government
Shake Shack, an American fast-casual restaurant chain, has reportedly announced that the company will return the USD 10 million business loan it received from the American government. Shake Shack is o....